300 HORTON STREET
Detroit, MI 48202
0.14 acres | #218078514
Description
Build your dream home or a multi-family development to suit. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review request to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.
Property Details
- SubdivisionBAGGS SUB PT OF OL 1
- Property SubtypeUnimprovedLand
- Parcel NumberW01I001977C8
- Sewer InformationPublicSewer
- MLS #218078514
- MLS #218078514
- School DistrictDetroit
- Original List Price$30,000
- Utility SourcePublic
- CountyWayne
- Cost24000
- Acres0.14
- Days on Market (Cumulative)438
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Leonard A Pickett III (#306589), Email: lpickettiii@rchlegacy.com
Listing Office: RCH Brokerage Legacy Inc (#350553)
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